A ‘Youth Entrepreneur Bazaar’ showcases the talents and innovations
business1 day ago
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, on Thursday outlined the details of the National Electric Vehicles Policy, recently approved by the UAE Cabinet.
The policy serves as a regulatory framework to guide efforts to align the standards for the infrastructure of electric vehicles charging stations as well as facilitate integration among stakeholders across the country. Developed by the Ministry of Energy and Infrastructure (MoEI), the policy is an outcome of the Global EV Market transformational project.
It supports the objectives of the National Energy and Water Demand Management Program that was launched to reduce energy consumption in intensive sectors, including transport.
The Minister said: "The policy will create a conducive environment for green mobility through regulating the local market and creating balanced economic, environmental, and social incentives that promote the use of electric vehicles and increase their sale. This will help the UAE achieve its objectives of reducing energy consumption by 40 per cent and carbon emissions by 10 million tonnes in the transport sector by 2050, as well as increase the share of electric vehicles to 50 percent of total vehicles on our roads by 2050."
He added: "The policy will accelerate the penetration of electric and hybrid vehicles, help establish a world-class electric vehicle infrastructure, and set legislative and technical frameworks for recycling electric vehicle batteries locally. This will encourage the business sector to invest in electric vehicle charging stations with the aim of advancing green mobility."
The National Electric Vehicles Policy aims to establish a network of electric vehicles charging stations in collaboration with partners from the federal and local government and the private sector, enhancing the UAE's competitiveness in related indices.
ALSO READ:
A ‘Youth Entrepreneur Bazaar’ showcases the talents and innovations
business1 day ago
UAE is third-largest diamond trade hub after India and US
business1 day ago
Acquisition sets a new paradigm for growth and opportunity in the UAE, Saudi Arabia and the wider region
business1 day ago
Move will ensure compliance with the UAE Federal Tax Authority
business2 days ago
Scheme to bring exclusive benefits to students and families across MENA
business2 days ago
Tech major building mentorship programmes to nurture creative talent
business2 days ago
Developers have begun to understand the value of investing in Martech solutions that change long-term customer satisfaction
business2 days ago
Over 100 high-profile speakers shared their expertise and insights at CTW Global Summit
business2 days ago